Vermillion Multifamily Investment
1000 South Crawford Road Vermillion, SD 57069
1000 South Crawford Road, Vermillion, SD, 57069
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For Sale
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Stabilized 24-unit multifamily property in Vermillion, South Dakota.
Property Size6,560 SF
Lot Size0.72 Acres
Price / SF$317.07
Days on Market58
Property Features for 1000 South Crawford Road
General Information
- Standard status
- Active
- Size
- 6,560 SF
- Lot size
- 0.72 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1979
Listing Agency
Gateway Real Estate Advisors
Listed by
Nic Madsen · License #21571
Source
Crexi
Added: May 22 Checked: Jul 17 at 5:13 am
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Investment Insights
Based on property information with market context.
Crawford Rising Apartments is a stabilized 24-unit multifamily property located in Vermillion, South Dakota. The property consists of two buildings situated on 0.72 acres. The unit mix includes 22 two-bedroom/one-bath units and 2 one-bedroom/one-bath units. The property is 100% occupied and nearly fully renovated. The property has a total size of 6560 square feet. This asset presents a value-add opportunity for investors. It is supported by consistent demand from the University of South Dakota and the surrounding region. Intended use of the property is multifamily residential. The current NOI is $145,553, and the pro forma NOI is $162,370.
Key Highlights
- 100% Occupancy: Provides immediate and consistent income stream.
- Strong Cash Flow: Current NOI of $145,553 and a 7.00% cap rate.
- Value‑Add Opportunity: Rents are currently below market, offering potential for increased revenue.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Stabilized 24-unit multifamily property in Vermillion, South Dakota.
Where is this apartment building located?
The property is located at 1000 South Crawford Road Vermillion, SD.
What is the asking price?
The asking price for this property is $2,080,000.
What are key features of this property?
This property features: 100% Occupancy: Provides immediate and consistent income stream.; Strong Cash Flow: Current NOI of $145,553 and a 7.00% cap rate.; Value‑Add Opportunity: Rents are currently below market, offering potential for increased revenue.
